| Northern | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Frederick Keys ** | BAL | 74 | 62 | .544 | -- | 611 | 517 | Wally Moon | Harry Grove Stadium | 277,802 | Tim Holland (12) | Zach Kerr (3) | League Champions |
| 2 | Prince William Cannons | NYY | 64 | 75 | .460 | 11.5 | 554 | 533 | Gary Denbo | G. Richard Pfitzner Stadi | 210,262 | Dave Silvestri (1) | Frank Seminara (2) | |
| 3 | Lynchburg Red Sox | BOS | 58 | 80 | .420 | 17.0 | 549 | 678 | Gary Allenson | Lynchburg City Stadium | 92,607 | Greg Blosser (8) | Brian Conroy (1) | |
| 4 | Salem Buccaneers | PIT | 55 | 84 | .396 | 20.5 | 649 | 819 | Stan Cliburn | Salem Municipal Stadium | 126,121 | Mandy Romero (3) | Tim Wakefield (7) | |
| Southern | ||||||||||||||
| Rk | Team | Affiliate | W | L | Pct | Gbl | RF | RA | Manager | Stadium | Attendance | Top Batter | Top Pitcher | Playoffs |
| 1 | Kinston Indians | CLE | 88 | 47 | .652 | -- | 697 | 509 | Brian Graham | Grainger Stadium | 160,219 | Jesse Levis (13) | Jerry Dipoto (10) | Lost in Finals |
| 2 | Winston-Salem Spirits | CHC | 86 | 54 | .614 | 4.5 | 674 | 540 | Brad Mills | Ernie Shore Field | 102,558 | Billy White (6) | John Salles (6) | |
| 3 | Durham Bulls | ATL | 71 | 68 | .511 | 19.0 | 603 | 622 | Grady Little | Durham Athletic Park | 300,499 | Keith Mitchell (2) | Nate Minchey (15) | |
| 4 | Peninsula Pilots | SEA | 57 | 83 | .407 | 33.5 | 506 | 631 | Jim Nettles | War Memorial Stadium | 70,647 | Jim Campanis (26) | Jim Gutierrez (5) | |